News

News that the UK's best known fund manager Neil Woodford is leaving Invesco Perpetual after 25 years has caused leading fund brokers to suspend their ratings of his portfolios.

Shares in the Edinburgh investment trust were selling off this afternoon after the shock news Neil Woodford will be leaving Invesco Perpetual in April.

Neil Woodford is to leave Invesco Perpetual next April to set up his own business, the group has announced.

Barclays head of compliance Hector Sants is taking a leave of absence due to a diagnosis of stress and exhaustion.

The Financial Conduct Authority (FCA) has confirmed it will in future publish information about proposed enforcement actions, naming firms and individuals, before deciding whether it will take action.

UK consumer prices index (CPI) inflation remained stable in September at 2.7%.

HSBC Global Asset Management has launched the GIF Global Short Duration High Yield Bond fund for recent hire Mary Bowers.

Rob Gambi has been appointed chief investment officer of Henderson, starting in 2014.

Changes introduced as a result of the Retail Distribution Review (RDR) are likely to lower retail advisers' share of the investment market, but they do not represent the "death knell" for the sector, according to an investment group.

Hargreaves Lansdown reported a record £3bn increase in assets under administration in the three months to the end of September, but warned of headwinds to its revenues in the short-term.